Saab employees choose to stay shareholders

Press release

20 July 2004

The stock option converting period is now ended and in total SEK 245 mcorresponding to 2 690 671 B-shares have been converted, a dilution ofthe total share capital by 2,53 % and of the total voting rights by 1,64%.

" We are happy to see that so many of our employees have chosen toremain shareholders in Saab. The share value has increased and theconvertible bond loan has been a stable placement for their ownersduring an otherwise turbulent period on the market", says Åke Svensson,President and CEO of Saab.

A convertible bond loan was offered to Saab's employees 1998 amountingto SEK 254 m, corresponding to an increase in the total number of B-shares to 2 787 500. The conversion period for the options was fromDecember 4, 2001 through July 15, 2004. The conversion rate was SEK 91.

After the conversion Saab has a total share capital of 1 746 million SEKand the total number of shares is 109 150 346. The remaining part, 9billion SEK, will be repaid in cash on July 2004.

Saab is one of the world's leading high-technology companies, with itsmain operations focusing on defence, aviation and space. The groupcovers a broad spectrum of competence and capabilities in systemsintegration.

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